Alpha Cubed Investments LLC Reduces Position in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX)

Alpha Cubed Investments LLC trimmed its holdings in Schwab Fundamental U.S. Large Company Index ETF (NYSEARCA:FNDX) by 8.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,094 shares of the company’s stock after selling 285 shares during the period. Alpha Cubed Investments LLC’s holdings in Schwab Fundamental U.S. Large Company Index ETF were worth $207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Schwab Fundamental U.S. Large Company Index ETF during the 4th quarter valued at about $779,000. Prime Capital Investment Advisors LLC raised its stake in shares of Schwab Fundamental U.S. Large Company Index ETF by 18.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 5,580 shares of the company’s stock valued at $346,000 after acquiring an additional 863 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Schwab Fundamental U.S. Large Company Index ETF by 28.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 31,586 shares of the company’s stock valued at $1,956,000 after purchasing an additional 6,966 shares during the period. Cerity Partners LLC grew its stake in Schwab Fundamental U.S. Large Company Index ETF by 444.7% in the fourth quarter. Cerity Partners LLC now owns 171,645 shares of the company’s stock worth $10,632,000 after purchasing an additional 140,134 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in Schwab Fundamental U.S. Large Company Index ETF by 7.9% during the 4th quarter. Perigon Wealth Management LLC now owns 15,229 shares of the company’s stock worth $943,000 after purchasing an additional 1,120 shares during the period.

Schwab Fundamental U.S. Large Company Index ETF Stock Performance

NYSEARCA FNDX traded up $0.39 on Tuesday, reaching $67.25. 73,034 shares of the stock traded hands, compared to its average volume of 475,745. Schwab Fundamental U.S. Large Company Index ETF has a 12 month low of $53.32 and a 12 month high of $70.06. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 17.79 and a beta of 0.84. The company has a fifty day moving average price of $67.51 and a 200-day moving average price of $66.04.

About Schwab Fundamental U.S. Large Company Index ETF

The Schwab Fundamental U.S. Large Company Index ETF (FNDX) is an exchange-traded fund that is based on the Russell RAFI Large Company US index. The fund tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends\u002Fbuybacks. FNDX was launched on Aug 15, 2013 and is managed by Charles Schwab.